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The Impact Of Water Charges On The Economy

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The Impact of Water Charges on the economy in Ireland.

Water charges are a way in which all homes who use the public water supply or waste water services will be charged for their water as a utility. There are many different advantages and disadvantages for the water charges. The advantages are that firstly all of the money will be brought back into the economy, secondly the process of bringing in the charges creates employment, lastly it will stop the waste of water and people will be more aware. The disadvantages are that firstly that homeowners cannot financially pay for the variable rates or the flat rates, secondly the rates will change from flat rates to variable by 2019, and lastly there has been a hidden tax rate of 2% for water charges over the last number of years. Water charges is a live topic, so is constantly changing on a daily basis (water.ie 2014). …show more content…

It also brings money back into the country for state service. The domestic water charges are said to raise €300 million in the coming year, water charges have to come into Ireland because otherwise the amount of money spent yearly for Irish Water would have to go on the EU rules as part of Ireland’s debt which is €800 to €850 million. If water charges were taken away there would be many other multiple alternatives such as raising taxes or to borrow more money which is a risky option as we are already in debt as it is so borrowing wouldn’t be an option (anon

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